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Tag / restructuring

In the immediate aftermath of the recession in 2008, employment in the public sector continued to grow, helping to sustain demand in the European economy. However, by 2010 significant restructuring was underway in the public sector in several Member States. The ‘ERM Annual Report 2014 – Restructuring in the public sector’ provides an overview of restructuring trends in Member States since 2008.

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Dramatic recent oil price declines have seen deflation take hold in the EU, and general price levels in December 2014 were 0.2% lower than a year earlier. ​EU sanctions against Russia impact on reported restructuring job losses in Europe. This is further evidence of a tentative European economic recovery that appears to be running out of steam, the latest ERM Quarterly report.

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Recent months have seen an improvement in economic outlook but large-scale restructuring activity in the EU continues to result in greater announced job losses than job gains. The latest European Restructuring Monitor ERM quarterly is out, highlighting job loss and job creation activities and restructuring trends across the European Union.